Opening of Proceedings of the Twenty-ninth Session of the Permanent Finance Committee of the Organization of the Islamic Conference

OIC Press Release

24 March 2001

Opening of Proceedings of the Twenty-ninth Session of the Permanent Finance Committee of the Organization of the Islamic Conference

H.E. Dr. Abdelouahed Belkeziz, the Secretary General of the Organization of the Islamic Conference expressed his appreciation and gratitude to the Government of the Custodian of the Two Holy Mosques, King Fahd bin Abdulaziz Al Saud, which has been providing continuous and unstinting support and assistance to the Organization of the Islamic Conference and has been mobilizing its resources to meet the deficiencies of the Organization whenever the need arises.

These were the words H.E. Dr. Belkeziz used in his statement to inaugurate the proceedings of the twenty-ninth session of the Permanent Finance Committee of the Organization of the Islamic Conference which opened on Saturday morning 29 Dhul Hijja 1421H (24 March 2001). Dr. Abdelouahed Belkeziz addressed the participants in the session saying: "The magnitude of the responsibilities lying ahead of the Islamic Ummah in its present conditions, and given the dangers besetting it demand that we close ranks and make sacrifices." His Excellency expressed his belief that officials of the member States of the Organization of the Islamic Conference will dedicate themselves wholeheartedly to honoring their financial commitment to the Organization of the Islamic Conference since this is a fundamental requirement for the structural reform of the Organization and enhancement of its performance. His Excellency explained that the most difficult hurdles that stood in the Organization’s way in the past were the successive financial crises that it endured because of the dearth of resources allocated to it and because of the crippling lack of liquidity which virtually paralyzed its action as a result of the delay or non-payment of contributions by some member States as opposed to the position of those same States in settling their contributions to other international organizations. His Excellency stressed that the reorganization of the General Secretariat of the Organization and enhancement of its performance could not be effective without the necessary financial conditions and foundations being made steadily available.

His Excellency the Secretary General revealed that he was intent in his directives to the officials of the General Secretariat that in the preparation of the budget for the financial year 2001-2002 they should confine themselves to what had been prescribed and approved in the budget of the previous year without any increase, pointing out at the same time that the figures adopted for the draft budget constituted the minimum needs required for the progress of work at the Organization.

The Twenty-ninth meeting of the Permanent Finance Committee of the Organization of the Islamic Conference, which is being chaired by the Republic of Mali, and which will continue over the course of four days, will be considering the Twenty-first report of the Finance Control Organ of the Organization and the replies of the General Secretariat to that report and will then consider the proposed budgets for the General Secretariat and its Subsidiary Organs for the financial year 2001-2002.

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